Here is an interesting and timely article by one of our Investment Counsellors, Dixon Mitchell.It mentions an important silver lining to reduced oil prices; global growth! Additionally, the falling dollar helps us here in Canada. At the beginning of 2014, the WTIC Oil price of $94 was roughly the same in Canadian and US dollars as the loonie was at par with the greenback. However, with the Canadian dollar now at 88¢ US, the current WTIC Oil price in Canadian dollars would be almost $78, or a fall of 17% – not 28% as indicated by the fall in Oil prices.
Follow the link below: